Tag Archives: Real estate

Mount Pleasant SC Homes For Sale | Listings on MLS Mt Pleasant SC

Mount Pleasant SC Homes For Sale | Listings on MLS Mt Pleasant SC

 Search All Mount Pleasant South Carolina real estate listings by neighborhood below.

Dunes West The Old Village Olde Park I’ON Village Creekside Park Oyster Point Rice Planters Pointe
Shellpoint Scotts Creek Park West Hamlin Plantation Mallard Lake Porchers Preserve Coopers Landing
Charleston National Rivertowne Ravens Run Darrell Creek West Point Patriots Province Pinkney Place
Snee Farm Belle Hall Longpoint Grassy Creek Ivy Hall Candlewood Chadbury Village
Hobcaw Point Brickyard Hobcaw Creek Molasses Creek Crown Pointe Landings Run Sweetgrass Village
Wakendaw Lakes Heron Pointe Oak Haven Wando Lakes Rosemead Coopers Point The Renaissance
Old Mount Pleasant Fiddler’s Marsh Watermark Shemwood Hunter Lake Remleys Point Bayview
Planters Point Harborgate Shores Carolina Park Hamlet Square Phillips Park Simmons Point Glenlake
Sweetgrass Lakeshore Seaside Farms Quail Hollow North Point  The Tides Linnen Place
Center Lake Horlbeck Creek Hidden Lakes Etiwan Pointe Point Pleasant Chelsea Park Oyster Point
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Investment Property Charleston SC

For investors in Charleston SC the real estate game is a tricky one. We all made thousands and — probably millions if you add it all up — flipping houses, leasing offices and renovating condos. Then the real estate market collapsed, throwing the U.S. into the 2007-2009 recession.

Now the prognosis for real estate investments is looking much better, though it’s anything but simple. Some commercial real estate has rebounded, with investors craving income that real estate provides, while Lowcountry residential Charleston real estate — particularly single-family homes — may be at once-in-a-lifetime bargain prices.

Four top experts were asked for their take on the the opportunities and potential pitfalls facing real estate investors in the coming years. Edited excerpts of their interviews follow:

Jim Sullivan, managing director of REIT research, Green Street Advisors

Every diversified investor should have some exposure to commercial real estate, and REITs [real estate investment trusts] provide a terrific, transparent and liquid way to get that exposure. Operating fundamentals in most property types range from good to great, with good being the shopping center business and industrial business and great being the apartment business. The economy is not doing great, but the silver lining for commercial real estate is how little new supply is coming on the market. Too much new commercial construction is typically what puts a halt to real estate recoveries. This time around, it’s just not an issue.

REITs tend to be specialized by property type. You can pick and choose, depending on what your economic outlook might be. If your forecast is a little rosier, you’d want to be in property types that respond well in economic recoveries — hotels, for example, or REITs that own shopping centers with lots of small tenants. If you wanted to be a bit more defensive, health care REITs are a terrific place to be. When investing in Charleston real estate the safe bet would obviously be in tourism based avenues considering that is the most consistent driver of revenue.

James – Charleston Real Estate Consulting

The biggest opportunity is buying distressed single-family homes, because that market has been completely beat up. The next biggest opportunity is buying land because very few people have been focused on it. If you have a long-term view, you’ll probably see a significant multiple return. Buying land is a complicated business, though. Mom-and-pop investors should not be buying land.

Lauren Pressman, director of investment research at wealth management firm Aspiriant

The U.S. is in a period of sustained but very slow growth. Job reports are huge factors for real estate, because jobs create demand for housing, for offices, for travel and at retail establishments. We’re wary of things like retail and office, except in very unique circumstances. Multifamily real estate (apartment buildings) arguably had all the tail winds at its back to do the best of all asset classes. However, be careful. There is so much capital chasing multifamily, and that can lift prices beyond a point where your return is commensurate with risk.

No matter what your strategy is always be careful and have a good local agent to help you navigate through the maze of options out there for investing in real estate in Charleston or anywhere. Find a great contractor in Charleston and let them help you with the renovations, and repair necessary to get a C.O. and move onto the next real estate opportunity.

There has never been a better time to pull money out of the equities market and into real estate, rates are low, and prices are too.

 

Housing Market Still Little Iffy…

Story By USA Today

The National Association of Realtors says sales of previously occupied homes fell 5.4% in June from May, to a seasonally adjusted annual rate of 4.37 million homes. That’s the lowest rate since October.

“It is only one month and the rest of the housing indicators have all continued to show improvement,” saidJennifer Lee, senior economist at BMO Capital Markets. “Let’s hope this June decline is a blip.”

Where as  here in CHARLESTON, SC—(July 10, 2012) Home sales in the Charleston region maintained their consistent and steady pattern in June, with continued growth in sales volume and ongoing stability in pricing. 1,033 homes sold at a median price of $200,000 in June according to preliminary data released today by the Charleston Trident Association of REALTORS® (CTAR). Last month, adjusted figures show 1,002 homes sold at the same median price.

National real estate sales are up 4.5% from a year ago, evidence that the market is recovering. But the annual sales pace is well below the 6 million that economists consider healthy.

First-time buyers, critical to a housing recovery, made up just 32% of sales. That’s down from 34% in May. In healthy markets, first-time buyers make up more than 40% of the market.

The national median existing-home price for all housing types was $189,400 in June, up 7.9% from a year ago, according to the NAR.

Here in Charleston SC – Inventory declined again, with 6,277 homes listed as actively for sale in the Charleston Trident Multiple Listing Service (CTMLS) as of July 10, 2012.

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